MANTRA Chain: $OM is Coming Home to its Native Chain!
Airdrop hunters, pay close attention! While MANTRA Chain’s recent updates don’t feature a direct airdrop snapshot or a new season announcement, there’s a significant development that all $OM holders should be aware of, which could pave the way for future incentives on its native chain. The community has voted, and a major transition for the $OM token is now officially underway!
$OM Token Migrates to MANTRA Chain Mainnet!
The biggest news from MANTRA Chain is the successful passing of Governance Proposal #17. This pivotal vote means that the $OM token will officially deprecate its ERC20 version and become native to the MANTRA Chain Mainnet. This move is aimed at consolidating liquidity, strengthening the token’s foundation, and aligning it with MANTRA Chain’s vision as the “Home of RWAs” (Real World Assets).
This is a crucial step for the MANTRA ecosystem, establishing its own chain as the sole foundation for $OM. If you’re currently holding $OM as an ERC20 token, it’s essential to stay updated on the official migration process to ensure your assets are properly transitioned to the native MANTRA Chain.
Future Outlook: Potential for User Adoption & Incentives
While not an immediate airdrop, the approved proposal also shed light on how MANTRA Chain plans to fuel its ecosystem growth and user adoption. Specifically, two funding streams will be redirected:
- All $OM reclaimed through Sybil-slaying measures.
- Ongoing team and contributor staking rewards.
These funds will be deployed towards MultiVM dev grants, RWA issuer onboarding, and crucially, user adoption. This focus on user adoption, backed by significant capital, suggests that future incentives, including potential airdrops or rewards for native chain engagement, could be on the horizon as the ecosystem matures. Stay vigilant for further announcements!
Current $OM Staking Opportunity on Binance
For those looking to earn rewards with their $OM tokens right now, MANTRA Chain also announced that Binance has joined as a validator on their mainnet. To celebrate this, Binance is offering users up to 29.9% APR on $OM via Binance Simple Earn. This is a direct staking opportunity to grow your holdings.
Key Events for Airdrop Hunters
| Event | Details | Links |
|---|---|---|
| Governance Proposal #17 Passed | The proposal to deprecate ERC20 $OM and make MANTRA Chain the native foundation for $OM has successfully passed. This means $OM is officially coming home to its own blockchain. | Tweet 1 Tweet 2 |
| $OM Token Migration to Mainnet | Following the proposal’s approval, the $OM token will fully transition to MANTRA Chain Mainnet. Existing ERC20 $OM holders should monitor official channels for migration instructions. | Tweet 1 Tweet 2 |
| Ecosystem Development & User Adoption | Funds from Sybil-slaying measures and staking rewards will be redirected to support development, onboarding, and “user adoption,” hinting at potential future incentives as the native chain grows. | Tweet |
MANTRA Chain is clearly building a robust ecosystem focused on Real World Assets. While no immediate airdrops were announced, the significant token migration and allocation of funds for user adoption signal a project committed to growth, which often brings future opportunities for engaged community members. Keep a close watch on their official channels!